With the strong performance of Ethereum, discussions on various platforms about Ethereum have suddenly increased recently. The Ethereum Foundation announced in the evening that it will launch a trillion-dollar security plan for Ethereum, aiming to enhance Ethereum's security through a series of measures and encourage global developer participation. It must be said that Ethereum, which is only known for selling coins in the minds of retail investors, is now taking some real-time actions to expand its advantages in its strong dimension, which is definitely the right move. Hopefully, they will continue to push forward.
Last night's CPI data exceeded expectations, providing significant confidence that both the annual and monthly rates indicate a steady decline in current inflation. After the data was released, traders increased their expectations for the Federal Reserve to cut interest rates, and Trump subsequently called on Powell to speed up rate cuts. It must be said that when certainty is strong, this matter will definitely land, and while everyone waits for certainty to be realized, there is also a high probability of unexpected events.
The day before yesterday, Uncle San publicly called for a reduction in Bitcoin's halving position. Yesterday, the data brought it back, and it once again experienced a narrow decline during the day. At this moment of indecision between bulls and bears, it is important to leave some positions empty. Regarding market liquidity judgment, Uncle San still believes that the market needs a slight pullback to build momentum for the upcoming broad rally.
In terms of data, Bitcoin's spot ETF saw a net outflow of 91.4 million USD yesterday, while Ethereum's spot ETF saw a net inflow of 13.5 million USD. Bitcoin's data has ended a recent inflow trend, indicating that off-market traders share a similar judgment with Uncle San regarding the current trend of Bitcoin. The data in the coming days will allow for a more rigorous trend assessment.
Recently, there have been numerous gold dog tokens on-chain, and the competition for pump has increased significantly, with the limited hot money flowing towards the dog tokens. Uncle San believes in two basic principles in the cryptocurrency market: first, go to the market you are familiar with; second, go to areas with strong certainty. Clearly, dog tokens are not suitable for most people, and the extreme volatility of hundreds of times a day and the ultimate fate of most going to zero will inevitably turn into a sigh when the market ends.
In the cryptocurrency world, it is difficult to stay true to one's original intentions, and even harder to integrate knowledge and action. However, no matter what, Uncle San always feels that in the increasingly difficult macro environment, the crypto market is the place where ordinary people can most easily achieve results. There are no myths in the trading market, only some very simple truths; in the end, investment relies on logic and cognition to make money. Everyone, be prepared for the arrival of hot money, just like those big dog holders who are already restless.
BTC: The concentration area of Bitcoin whales is currently between 93,000 and 97,000 points. In terms of cyclical trends, this range will become a strong support before Bitcoin reaches new highs. In the short term, Uncle San believes that even if Bitcoin adjusts slightly, it will test previous high positions, but this cannot lead to sustained violent rallies that change the current fundamentals. A more reasonable liquidity adjustment logic is a slight short-term dip to conduct a strong test of the bottom, thereby building momentum for future new highs. Continue to pay attention to the support at 10,100 points; a position below this means that a certain period of bottom confirmation will occur, while the upper pressure point is the short-term high.
ETH: From a medium to long-term perspective, the market for Ethereum is certainly not over yet. The trend is increasingly clear that Ethereum will become the engine for the latter half of the market. Until the trend high point is confirmed, Ethereum will temporarily only engage in actions of adjusting positions. After a short-term linked adjustment, it is expected to continue rising.
Altcoin section: Solana reached 180 today; reduce positions appropriately. Doge, Shib, and Pepe have also shown strong performance today and are expected to continue adjusting upwards, plus Pnut still has no clear topping signal on the daily line. Focus more on the Solana ecosystem, as Ray and JTO have seen a recent increase in attention, and the market is expected to begin brewing. The overall logic for altcoins is to reduce positions for the parts that have high profits, while also seizing opportunities for trends that are just emerging. The only thing to note is that when Bitcoin experiences a significant single-day pullback, do not hold onto positions; it's best to not take the last bite.
The fear and greed index is at 73 today.
Lastly, stay away from leverage and stock up on spot! #代币发射平台竞争加剧 #CPI数据来袭 $BTC
